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Question: Do you think Numismatists hate Bitcoin?
Yes - 1 (11.1%)
No - 4 (44.4%)
I do not know - 4 (44.4%)
Total Voters: 9

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Author Topic: Do you think Numismatists hate Bitcoin?  (Read 350 times)
Kakmakr (OP)
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September 02, 2018, 07:38:09 AM
Last edit: September 03, 2018, 08:02:15 AM by Kakmakr
 #1

Numismatics is the study or collection of currency, including coins, tokens, paper money, and related objects. While numismatists are often characterized as students or collectors of coins, the discipline also includes the broader study of money and other payment media used to resolve debts and the exchange of goods.

Source : https://en.wikipedia.org/wiki/Numismatics

If you look at the underlined part of the definition of Numismatics, then you should not hate Bitcoin or Crypto currencies. Do you think they classify Bitcoin/Crypto currencies as a payment media?

Do they prefer physical objects over digital payment media? If there are any Numismatists out there, please give your opinion on this subject, because I am very curious where you stand on this. I am a coin collector and I love all forms of payment media. <Credit cards/Debit cards/Crypto currencies/Paper money>

Share your thoughts please.  Wink

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September 02, 2018, 08:17:46 AM
 #2

I too have a small coin collection which started about 30 years ago when a family
friend gave me their box of coins.

Coin collecting and Numismatics is in decline, at least that is the sentiment I have
read on one of the other forums. There seems to be a noticeable drop off in the
number of young people getting interested in the hobby.

I dont think this is to do with bitcoin and crypto because FIAT currency is moving
towards a digital space for a good number of years. Really since in my country
have stopped being paid in cash for the last 20 years and more so in the last 10
being paid electronically.

There are still many physical crypto Coins and tokens which are collectable, just
look in this section of the forum for inspiration where there is a constant trade of
coins > https://bitcointalk.org/index.php?board=217.0

R


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Kakmakr (OP)
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September 02, 2018, 09:37:42 AM
 #3

I too have a small coin collection which started about 30 years ago when a family
friend gave me their box of coins.

Coin collecting and Numismatics is in decline, at least that is the sentiment I have
read on one of the other forums. There seems to be a noticeable drop off in the
number of young people getting interested in the hobby.

I dont think this is to do with bitcoin and crypto because FIAT currency is moving
towards a digital space for a good number of years. Really since in my country
have stopped being paid in cash for the last 20 years and more so in the last 10
being paid electronically.

There are still many physical crypto Coins and tokens which are collectable, just
look in this section of the forum for inspiration where there is a constant trade of
coins > https://bitcointalk.org/index.php?board=217.0

We tend to forget that the decline in Numismatics are also being caused by the whole scope of the digitization of money. PayPal and people using mostly credit cards are definitely having a significant impact on the decline in the use of cash/coins/paper money and most arcade games and casinos are using smart cards and not coins or physical tokens anymore. 

It is actually sad, because coin collection is a form of art in many ways and a very cool hobby.  Grin

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September 02, 2018, 10:22:52 AM
 #4

Now a community of crypto numismatists is being created. And I am one of them. I think that the usual numismatists should not hate crypto currency



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September 02, 2018, 10:28:24 AM
 #5

Numismatics is the study or collection of currency, including coins, tokens, paper money, and related objects. While numismatists are often characterized as students or collectors of coins, the discipline also includes the broader study of money and other payment media used to resolve debts and the exchange of goods.

If you look at the underlined part of the definition of Numismatics, then you should not hate Bitcoin or Crypto currencies. Do you think they classify Bitcoin/Crypto currencies as a payment media?

Do they prefer physical objects over digital payment media? If there are any Numismatists out there, please give your opinion on this subject, because I am very curious where you stand on this. I am a coin collector and I love all forms of payment media. <Credit cards/Debit cards/Crypto currencies/Paper money>

Share your thoughts please.  Wink

They shouldn’t. Numismatics anyway have a lot of fiat coins to collect. If they want to branch out, they can collect physical bitcoins as well. If coins decrease in circulation because of adoption of cryptocurrencies, then their collections will become more valuable.


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September 02, 2018, 11:17:16 AM
 #6

Numismatics is the study or collection of currency, including coins, tokens, paper money, and related objects. While numismatists are often characterized as students or collectors of coins, the discipline also includes the broader study of money and other payment media used to resolve debts and the exchange of goods.

If you look at the underlined part of the definition of Numismatics, then you should not hate Bitcoin or Crypto currencies. Do you think they classify Bitcoin/Crypto currencies as a payment media?

Do they prefer physical objects over digital payment media? If there are any Numismatists out there, please give your opinion on this subject, because I am very curious where you stand on this. I am a coin collector and I love all forms of payment media. <Credit cards/Debit cards/Crypto currencies/Paper money>

Share your thoughts please.  Wink

They shouldn’t. Numismatics anyway have a lot of fiat coins to collect. If they want to branch out, they can collect physical bitcoins as well. If coins decrease in circulation because of adoption of cryptocurrencies, then their collections will become more valuable.

Casascius physical bitcoins is normally not dated, so they will have to change the design to add a date and these coins are just a fake representation of the real currency. <Novelty item> If you add a paper wallet with a hologram and some bitcoins, then these coins will increase in value, if the private key is not exposed.

Yes, digital currencies will increase the value of old fiat currencies, but some collectors also buy uncirculated new coins that are minted, because they are more valuable than circulated currencies.

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September 02, 2018, 11:41:32 AM
 #7

If you are a currency collector "Numismatist" you will not prefer to collect digital coins; I gather things to boast about owning, digital currencies restrict it to being numbers and not something to touch.

Perhaps owning bitcoin in a physical form is much better since it has a physical presence and value increases with time.
Also in the future, we may see a new update of Numismatist like collect Pokemon and collect digital one.

Numismatics is the study or collection of currency, including coins, tokens, paper money, and related objects. While numismatists are often characterized as students or collectors of coins, the discipline also includes the broader study of money and other payment media used to resolve debts and the exchange of goods.
Someone has forgotten the source Wink

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September 02, 2018, 11:48:22 AM
 #8

very funny question but it seems to me that of course they do not want to even even hear about it Grin

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September 02, 2018, 11:49:23 AM
 #9

not yet heard about the collectors who collect crypto.. this direction came with the Fiat coins. I think they will stop there. this is separate from the cryptocurrency world.

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September 02, 2018, 12:03:06 PM
 #10

Casascius physical bitcoins is normally not dated,

i haven't really checked Casascius coins but apparently there are different versions, some contain bitcoin (mini private keys that hold bitcoin).
so they ARE dated, in fact their dates are the strongest and the most decentralized dating mechanism that you can hope for. how? it is linked to coins (a transaction output) on the bitcoin blockchain. the transaction that is included in a block that has a timestamp Grin

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September 02, 2018, 12:25:09 PM
 #11

The collection of coins is a fun and it give me joy to have my money on the online media. Those who think of the fear in participating in digital media all because of scam and computer security issues.

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September 03, 2018, 08:01:12 AM
 #12

If you are a currency collector "Numismatist" you will not prefer to collect digital coins; I gather things to boast about owning, digital currencies restrict it to being numbers and not something to touch.

Perhaps owning bitcoin in a physical form is much better since it has a physical presence and value increases with time.
Also in the future, we may see a new update of Numismatist like collect Pokemon and collect digital one.

Numismatics is the study or collection of currency, including coins, tokens, paper money, and related objects. While numismatists are often characterized as students or collectors of coins, the discipline also includes the broader study of money and other payment media used to resolve debts and the exchange of goods.
Someone has forgotten the source Wink

A lot of them expands their interest in more things associated with money, so it is not just physical coins or paper money. I have seen people collecting, contracts / Bond certificates / Credit cards etc.  Grin

Yes, sorry I should have added the source for the definition of a Numismatist - https://en.wikipedia.org/wiki/Numismatics <Shows I am just human and I make some mistakes>  Roll Eyes

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September 05, 2018, 01:15:34 PM
 #13

I think there is no concern of Numismatic about the digital coin or money. They tend to reserve old coins, historical coins. It is obvious currency method will change day by day. So I think they don’t hate this crypto coins
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September 05, 2018, 09:17:51 PM
 #14

In my opinion, cryptocurrencies not yet soon replace cash money. And art of numismatics will life a long years. So numismatists keep calm!
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September 05, 2018, 09:22:23 PM
 #15

Bitcoin may not fit so well into some current ideas of money in that it is something a lot of persons are struggling to grasp its full potential. Some persons may not as such classify it as money in the traditional sense of it
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September 06, 2018, 02:29:46 AM
 #16

Numismatics is the study or collection of currency, including coins, tokens, paper money, and related objects. While numismatists are often characterized as students or collectors of coins, the discipline also includes the broader study of money and other payment media used to resolve debts and the exchange of goods.

Source : https://en.wikipedia.org/wiki/Numismatics

If you look at the underlined part of the definition of Numismatics, then you should not hate Bitcoin or Crypto currencies. Do you think they classify Bitcoin/Crypto currencies as a payment media?

Do they prefer physical objects over digital payment media? If there are any Numismatists out there, please give your opinion on this subject, because I am very curious where you stand on this. I am a coin collector and I love all forms of payment media. <Credit cards/Debit cards/Crypto currencies/Paper money>

Share your thoughts please.  Wink

Numismatists will debate this until they're blue in the face, but generally PCGS and NGC are equally accepted in the marketplace. It's akin to the Canon vs. Nikon debate among photographers. Usually people just like one over the other, or they have too much invested with one brand to make switching cost-effective (think camera lenses or registry sets). World coins are where they start to separate. In my experience, NGC's attributions are more accurate, but sometimes still egregiously wrong. One coin came back without a single piece of information (Country, date, or denomination) correct. They also differ in the exact types of coins they certify. If you collect some esoteric things, there might only be only one grading service that certifies that type.
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September 06, 2018, 04:40:44 AM
 #17

There is nothing about to hate bitcoin. So I don’t think that the Numismatists should hate bitcoin. They can still collect the coins in the form of fiat coins and also there are physical bitcoins available. If they collect coins, then the coin circulation will decrease and the value will increase.
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September 06, 2018, 06:41:03 AM
 #18

By the definition of this term, we can say that this does not hate bitcoin as bitcoin is a digital form of currency and it is also used for the payment purposes only. So why it will hate bitcoin as bitcoin is the most reliable and reputed coin in this market.
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September 06, 2018, 07:16:12 AM
 #19

Numismatics is the study or collection of currency, including coins, tokens, paper money, and related objects. While numismatists are often characterized as students or collectors of coins, the discipline also includes the broader study of money and other payment media used to resolve debts and the exchange of goods.

Source : https://en.wikipedia.org/wiki/Numismatics

If you look at the underlined part of the definition of Numismatics, then you should not hate Bitcoin or Crypto currencies. Do you think they classify Bitcoin/Crypto currencies as a payment media?

Do they prefer physical objects over digital payment media? If there are any Numismatists out there, please give your opinion on this subject, because I am very curious where you stand on this. I am a coin collector and I love all forms of payment media. <Credit cards/Debit cards/Crypto currencies/Paper money>

Share your thoughts please.  Wink

Numismatists will debate this until they're blue in the face, but generally PCGS and NGC are equally accepted in the marketplace. It's akin to the Canon vs. Nikon debate among photographers. Usually people just like one over the other, or they have too much invested with one brand to make switching cost-effective (think camera lenses or registry sets). World coins are where they start to separate. In my experience, NGC's attributions are more accurate, but sometimes still egregiously wrong. One coin came back without a single piece of information (Country, date, or denomination) correct. They also differ in the exact types of coins they certify. If you collect some esoteric things, there might only be only one grading service that certifies that type.

Interesting observation. I am currently buying some graded coins from a local ecommerce site and a lot of the deals are being done with Bitcoin payments. So, these collectors <Sellers> does not care how you pay for the coins, they just want to get more money to buy better and more valuable coins.

The reason why I buy old coins now, is to lock in some of the value of my wealth, because I feel that I am currently too invested in Crypto currencies and that I need to diversify a bit. <lower risk investment>   Wink

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September 06, 2018, 08:37:50 AM
 #20

Numismatists do not hate bitcoins. It is and intangible and a digital form of a  currency that is being demanded globally. and on top of that there are fiat that are going digital too. There seems to be no reason to hate BTC since it has done so much to make the lives of the people better
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